The AIMS Investment Company is interested in estimating the average number of mutual funds its customers have in their portfolios.
a. based on the sample data, construct a 90% confidence interval estimate for the mean number of mutual funds for all their customers. Interpret this interval.
b. Suppose that the interval estimate that you computed in part a has a margin of error that is greater than Aims management wants. Discuss what options are open to Aims. What are the advantages and disadvantages of each option?© BrainMass Inc. brainmass.com March 4, 2021, 8:04 pm ad1c9bdddf
Estimating population values are given for AIMS Investment Company. A 90% confidence interval is constructed.